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Statement
DIW president Marcel Fratzscher comments today's announcements by the ECB as follows:
12.03.2020| Marcel Fratzscher
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Press Release
In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current year and 3.9 percent in 2022. The renewed shutdown is delaying the economic recovery, but as soon as the risks of infection, particularly from vaccination, have been averted, a strong recovery will begin. The economy is likely to return to normal output levels ...
15.04.2021
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DIW Weekly Report 37 / 2021
Recently, the coronavirus pandemic has caused economic developments in major economies to drift apart: While infection rates were declining and production was experiencing strong growth in places such as Europe and the United States in the second quarter of 2021, emerging economies were experiencing strict economic restrictions due to high case numbers. In some of these countries, the economy declined. ...
2021| Guido Baldi, Geraldine Dany-Knedlik, Hella Engerer, Frederik Kurcz
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DIW Weekly Report 37 / 2021
The German economy is taking longer than expected to overcome the pandemic: It is likely to increase by only 2.1 percent in 2021 and capacities remain markedly underutilized. In addition, global supply bottlenecks are affecting German industry, resulting in stalled domestic production despite high demand. Following a profitable summer due to low case numbers and progress in the vaccination campaign, ...
2021| Marius Clemens, Simon Junker, Laura Pagenhardt
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DIW Weekly Report 23/24 / 2021
Global recovery is progressing more slowly than was indicated in 2020 due to high coronavirus rates and related economic restrictions in Europe and Japan. Recently, a disparate picture has been forming: In the advanced economies, declining infection rates and continued progress in vaccination campaigns will presumably lead to a revival that will be especially noticeable in the retail and service sectors ...
2021| Claus Michelsen, Guido Baldi, Geraldine Dany-Knedlik, Hella Engerer, Sandra Pasch
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DIW Weekly Report 23/24 / 2021
By lifting lockdown measures as coronavirus case numbers are rising and the vaccine rollout is proceeding slowly, the German economy is being sent on a stop-go course. Re-opening measures will probably be followed by renewed closures, at least regionally, in order to keep the spread of COVID-19 under control. Nevertheless, industry is robust overall, primarily due to good foreign business. In the service ...
2021| Claus Michelsen, Marius Clemens, Max Hanisch, Simon Junker, Laura Pagenhardt
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Diskussionspapiere 1952 / 2021
Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the last time Germans invested in stocks.” Using Socio-Economic Panel (SOEP) household survey data, I show that ...
2021| Chi Hyun Kim
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DIW Weekly Report 11 / 2021
The resurgence of the pandemic and renewed lockdowns have slowed the recovery of the global economy, but the overall losses will be less severe than after the first coronavirus wave in spring 2020. Industry in particular continues to develop well. In contrast, retail trade and personal services have been heavily affected, especially in hard-hit regions such as Europe. However, the fiscal stimulus cushions ...
2021| Claus Michelsen, Guido Baldi, Paul Berenberg-Gossler, Geraldine Dany-Knedlik, Hella Engerer
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DIW Weekly Report 11 / 2021
By lifting lockdown measures as coronavirus case numbers are rising and the vaccine rollout is proceeding slowly, the German economy is being sent on a stop-go course. Re-opening measures will probably be followed by renewed closures, at least regionally, in order to keep the spread of COVID-19 under control. Nevertheless, industry is robust overall, primarily due to good foreign business. In the service ...
2021| Claus Michelsen, Paul Berenberg-Gossler, Marius Clemens, Max Hanisch, Simon Junker, Konstantin A. Kholodilin, Laura Pagenhardt
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Diskussionspapiere 1916 / 2020
This paper applies a microeconomic-based stylized model to identify the optimal modal split of water supply infrastructure in regions of the Global South against the background of the Sustainable Development Goal (SDG) No. 6. We assume a linear city, with some plausible assumptions on income and willingness-to-pay, and then calculate the optimal tap density, leading in turn to an optimal modal split ...
2020| Georg Meran, Markus Siehlow, Christian von Hirschhausen